Old Second

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STOP dreaming about your future; START saving for it. When you bank with Old Second, you gain access to a variety of savings options and opportunities to help your balances build even faster.

Savings Options

  • Money Connection

    Making the connection to higher interest rates and more account benefits is simple. Choose the Old Second Checking Account that best meets your needs. Then link that account to either an O2 Money Manager Money Market account or an O2 Money Builder Savings account and start banking where, when and how you want—we’ll even make it more “interesting” for you.

    • Receive a higher rate of interest on your account balances when you link your accounts
    • Access to Money Connection Overdraft Sweep which will automatically transfer funds from savings to checking for a $10 fee, saving you from a $33 overdraft fee
    • Access your accounts anywhere with your Money Connection debit card
    • Earn reward points with the O2 Debit Rewards program, redeemable for merchandise, shopping, dining and travel when you make purchases with your Money Connection Debit Card
    • FREE O2 Online Banking services
    • FREE e-mail alerts
    • Receive one consolidated statement each month
    • Gain the added convenience offered by Money Connection Prepaid Reloadable Cards
    • FREE imaged check statements
    • FREE 24/7 account access by phone through Infoline
  • Money Manager Money Market

    While the Old Second Money Manager Money Market account provides a good foundation for any savings plan, when you link it to your checking account through Money Connection, you can earn even higher rates on your balances.

  • Money Builder Savings

    For Money Connection customers exclusively, we offer a faster, more efficient way to bank while building savings balances.

    • The interest rate we pay increases with balances of $1,000 or more
      Tiered rates:
      • $1,000 - $ 9,999
      • $10,000 - $ 24,999
      • $25,000 - $ 49,999
      • $50,000 and over
    • O2 checking account required
    • Minimum opening deposit of $1,000 required; a minimum daily balance of $1,000 is required to earn interest and avoid a $15 service fee
    • Optional automatic overdraft sweep ($10 per sweep) between Money Connection accounts
    • Maximum of 6 withdrawals per month including: debit card withdrawals,O2 Online Banking services, ACH Debit, InfoLine, overdraft sweep, over-the-counter and in-person withdrawals ($12 fee for each excess debit)
    • Rates may change after account is opened.  Fees could reduce earnings
  • Regular Savings Plus

    This basic account offers a simple and easy way for everyone to save.

    • Minimum opening deposit of $50 is required
    • There is no minimum balance required to earn interest
    • Minimum monthly balance of $50 required to avoid a $5.00 service fee
    • FREE access to O2 Online Banking services
    • FREE 24/7 InfoLine access, providing instant account information by phone
    • Three withdrawals per month included ($1.50 fee per each excess withdrawal/transaction)
    • Rates may change after account is opened.  Fees could reduce earnings
  • Certificates of Deposit (CDs)

    For those savers who are able to put money away for longer periods of time—but who still require a safe and stable savings option—we offer the ability to lock into higher rates of interest through our certificates of deposit.

    • To meet your needs, terms range from 3 months to 5 years (60 months)
    • Individual Retirement Account CDs are available offering a variety of terms to help you save for retirement
    • FDIC insurance offers safety and security
    • Current rates are available online
    • Substantial penalty for early withdrawl
  • Health Savings Accounts (HSAs)

    With an Old Second HSA, you gain access to a tax-advantaged way of paying for medical expenses—current and future—all while earning attractive rates of interest on your idle balances.

    • Reduce health care insurance premiums through a high-deductible policy
    • Carryover unspent health care savings from year to year, building balances
    • Plan ahead and save for health care costs in retirement
    • Take your health care coverage with you when leave an employer

    For more information, contact a personal banker about how you might benefit from having an HSA.